Personal Training Studio in Old Town Scottsdale, 15+ years in business

Scottsdale, AZ
Asking Price:$150,000
Gross Revenue:$387,000
Rent:$4,416/Month
FF&E:$73,087
Cash Flow:$100,000
Inventory:$73,087
EBITDA:$40,000
Established Year:2012
BUSINESS DESCRIPTION

5 personal trainers, self sufficient studio, heart of Scottsdale

The price is for a 2,000sq foot studio in the heart of old town Scottsdale (0.5 miles from Scottsdale Rd) with fully decked out training facility to for personal training. The studio has been in business for 15+ years and there is a well established client list and cash flow for the business currently and well tenured trainers. The studio is self sufficient for a owner as trainers have 24 hour access to the facility and the owner need not be there for the day to day business needs. Landlord provides maintenance also facilitates daily cleaning needs. Turnkey operation for potential buyer. All equipment with no debt schedule, IP, and rights transfer with sale.

Buyer can expect an average $40,000 annual cash flow after expenses.

Lease ends in Dec 2026 and there is a 5 year renewal option. 3% increase per year in 2025 and 2026. Security deposit is refundable to owner is the sale. Walking distance to restaurants and shops. Downtown Scottsdale feel with easy access and great parking. Features fountains, grottos & statues and attractive Spanish colonial architecture in complex.


ATTACHED DOCUMENTS
RTB equipment list July 2024.pdf.pdf Download

DETAILED INFORMATION
Location
Scottsdale, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
31/12/2026
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fully equipped gym including multiple dumbbell sets, 2 dual cable machines, squat racks, plates, kettlebells, smith machine, several leg machines, lat pull, bike, rower, and much more. Includes a fully stocked office and bathroom as well as a drinking fountain and shelving.
Competition
Very few facilities in the immediate area that offer the privacy and hands on experience we offer. There is no open gym time for others to enter, it is 100% personal training. Facility has been used by athletes and celebrities visiting the area as well due to it's seclusion.
Growth & Expansion
With demand you can open a similar facility anywhere that supports the model.
Financing
No seller financing is offered
Support & Training
Owner to provide transition assistance with Mindbody and payments processing for 1 month. Ongoing support with the trainers on staff as well who are are well tenured with over 100 years of experience.
Reason for Selling
Owner is looking to relocate and had a recent job change.

BUSINESS LOCATION
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Robert Van Allen
Robert Van Allen